Market Chatter: European Commission Mulls Ban on Huawei, ZTE in EU Mobile Networks

MT Newswires Live

Nov 11

The European Commission is eyeing a ban on Huawei and ZTE (HKG:0763, SHE:000063) devices from telecommunication networks in the EU, Bloomberg reported Tuesday, citing people familiar with the matter.

EC Commission Vice President Henna Virkkunen is looking to convert into law a recommendation in 2020 to stop using telecommunications equipment companies with high security risks, the report said, citing the sources.

The proposal, if legalized, could force EU members to comply with the security protocol or face legal procedures and financial penalties, according to the report.

Shares fell 2% during morning trading in Hong Kong and Shenzhen.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000063","symbol_name":"中兴通讯","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2582731336","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582731336","pubTimestamp":1762833687,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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